As the U.S. government prepares to reveal the results of stress tests to asses the ability of the nation’s largest 19 banks to cope with worse-than-expected financial conditions, worries continue about the sustainability of recent better-than-expected results from banks.
Bank of America reported a big increase in troubled loans, and shares of Citigroup tumbled after analysts at Goldman Sachs said credit losses at the bank continued to grow at a rapid rate.
Regulators closed banks on Friday in Missouri and Nevada, bringing the total of U.S. bank failures this year to 25 and matching the number that failed throughout all of 2008, as the struggling economy and falling home prices take their toll on financial institutions.
The following is a list of U.S. bank failures so far this year, according to the Federal Deposit Insurance Corp.
Details about each bank closure are posted at the FDIC website.
U.S. BANK FAILURES IN 2009*
(assets, deposits in millions of dollars)
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Bank
State
Assets
Deposits
FDIC Cost
Closing Date
Nat’l Bank of Comm.
Ill.
430.9
402.1
97.1
1/16/2009
Bank of Clark County
Wash.
446.5
366.5
145 **
1/16/2009
1st Centennial Bank
Calif.
803.3
676.9
227
1/23/2009
MagnetBank
Utah
292.9
282.8
119.4
1/30/2009
Suburban Federal
Maryland
360
302
126
1/30/2009
Ocala Nat’l Bank
Fla
223.5
205.2
99.6
1/30/2009
FirstBank Financial
Georgia
337
279
111
2/6/2009
Alliance Bank
Calif
1140
9551
206
2/6/2009
County Bank
Calif.
1700
1300
135
2/6/2009
Sherman County Bank
Neb.
129.8
85.1
28
2/13/2009
Riverside Bank
Fla.
539
424
201.5
2/13/2009
Corn Belt Bank
Ill.
271.8
234.4
100
2/13/2009
Pinnacle Bank
Oregon
73
64
12.1
2/13/2009
Silver Falls Bank
Oregon
131.4
116.3
50
2/20/2009
Security Savings Bank
Nevada
238.3
175.2
59.1
2/27/2009
Heritage Community Bank
Ill.
232.9
218.6
41.6
2/27/2009
Freedom Bank
Georgia
173
161
36.2
3/6/2009
FirstCity Bank
Georgia
297
278
100
3/20/2009
TeamBank N.A.
Kansas
669.8
492.8
98
3/20/2009
Colorado Natl Bank
Colo.
123.5
82.7
9
3/20/2009
Omni National Bank
Georgia
956
796.8
290
3/27/2009
Cape Fear Bank
N.C.
492
403
131
4/10/2009
New Frontier Bank
Colo.
2000
1500
670
4/10/2009
Great Basin Bank
Nevada
270.9
221.4
42
4/17/2009
American Sterling
Mo.
181
171.9
42
4/17/2009
* Table does not include two corporate credit unions that were placed into conservatorship on March 20. The U.S. Central Federal Credit Union in Kansas and the Western Corporate Federal Credit Union in California, which provide products to the overall credit union system, are insured by the National Credit Union Administration.

